April 23, 2018 – ING Real Estate Finance Germany closed two transactions in Germany for a combined amount of €55m (sub 45% LTV) with M&G Real Estate, the real estate fund management arm of M&G Investments.
ING provided €55m for the financing of two office buildings in Berlin and Munich. Both assets are very well let. The Berlin office is let to a German government authority and PayPal on long terms. The Munich office is let to a diversified tenant base amongst others SOS Kinderdörfer. The subject transactions strengthens the pan-European relationship between ING Bank and M&G Real Estate.
ING Wholesale Banking
ING Bank, a branch of ING-DiBa AG
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About ING Wholesale Banking Germany
ING Wholesale Banking Germany comprises the corporate clients business of ING-DiBa AG and is part of the ING Group’s worldwide Wholesale Banking network with offices in more than 40 countries. ING Wholesale Banking offers banking services for large, internationally operating corporate clients.
In addition to traditional banking products such as Corporate Lending and Transaction Services, ING is a world leading name in structured & project financing concepts, complemented by capital market solutions.
ING Wholesale Banking Germany has approximately 300 employees based in the headquarters Frankfurt am Main who were in charge of a credit volume of EUR 31 billion by the end of 2017.
More information about ING Wholesale Banking Germany: www.ing.de
About ING Real Estate Finance
ING Real Estate Finance is one of the leading financer for commercial properties worldwide with a business portfolio amounting to approximately 31.1 billion euros. With offices throughout Europe, Asia and USA, we provide our clients with services around the world. ING Real Estate Finance Germany is a division of ING Wholesale Banking Germany.